Elevate signs up 500 advisers
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Axa has reported a 60 per cent increase in assets under management on its Elevate platform since January.
Total assets on the platform is now £850m, with around 500 IFAs signed up. This represents a 60 per cent increase in AUM since January this year.
Cofunds also announced today that it has exceeded the £25bn barrier in assets under administration. It says the increase follows on from a strong past 12 months.
Axa Wealth managing director of wealth investments and distribution David Thompson says: “The growth in advisers is evidence that listening to our advisers, challenging industry norms and building for the future is paying dividends.”
Last month, Money Marketing revealed that former Ascentric head of sales Shaun Sandiford joined Elevate as distribution director.
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